Underlying replacement cost profit for the quarter was $3.3 billion, compared with $2.6 billion for the previous quarter. Reported profit for the quarter was $4.9 billion, compared with $1.8 billion for the second quarter 2023. Interim CEO Murray Auchincloss said: “This has been a solid quarter supported by strong underlying operational performance demonstrating our continued focus on delivery. Momentum continues to build across our businesses, with recent start-ups including Tangguh Expansion, bpx energy’s ‘Bingo’ central processing facility and Archaea Energy’s first modular biogas plant in Indiana. As we laid out at our investor update in Denver, we remain committed to executing our strategy, expect to grow earnings through this decade, and on track to deliver strong returns for our shareholders.”
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